NCB Announces 2010 Board of Directors

Saft and Plamann Continue Commitment to Bank in New Leadership Roles

Washington, D.C. (May 11, 2010)—NCB, a leading financial services company serving cooperatives, has announced that Stuart Saft, Partner and Global Real Estate Chair at the law firm Dewey & LeBoeuf, LLP in New York City will be the 2010 NCB Board Chair. Alfred A. Plamann, President and CEO of Unified Grocers Inc. in Commerce, California will serve as Vice Chair. Mr. Saft named the entire Board of Directors at NCB’s Annual Meeting, held on May 6, 2010 at The Ronald Reagan Building and International Trade Center in Washington, D.C.

“Stuart brings extensive knowledge to his position as Chair, especially in the cooperative housing sector, which is NCB’s largest customer segment,” said Charles E. Snyder, President and CEO of NCB. “We are excited Stuart is returning to this role on the NCB Board and look forward to his visionary guidance as we work through this very important strategic planning cycle.”

Mr. Saft is a renowned real estate lawyer and a long-time cooperative housing and business advocate, who has served on the Bank’s Board in a variety of roles since 1999. Mr. Saft draws on his 30-plus years of experience in real estate, financing and cooperative housing to help the Bank continue its commitment to providing creative and tailored financial options to customers nationwide.

Complementing Mr. Saft’s cooperative housing experience is Al Plamann, President and CEO of Unified Grocers, Inc. In addition to his position at Unified Grocers, Mr. Plamann serves on the Economic Advisory Council of the 12th District of the Federal Reserve, as well as the Board of the Food Marketing Institute and the National Cooperative Grocers Association. Mr. Plamann provides the Board with the experience of a leading executive in one of NCB’s important customer segments.

Joining the Board’s leadership are first-time Board Members: Michael Mercer, President and CEO of Georgia Credit Union Affiliates located in Duluth, GA and Ray Moncrief, Executive Vice President and Chief Operating Officer of Kentucky Highland Investment Corporation located in London, Kentucky.

Continuing their roles as Board Members are: Roger B. Collins, President and CEO of Harp’s Food Stores, located in Springdale, Arkansas; Peter A. Conrad, President and CEO of The Co-operative Central Bank in Boston, Massachusetts; Steve F. Cunningham, President of S.F. Cunningham, LLC, located in Vienna, Virginia; Jane Garcia, CEO La Clinica de La Raza, located in Oakland, CA; Janis Herschkowitz, President and Chief Executive Officer of PRI, Inc. in Cornwall, Pennsylvania; Kenneth Rivkin, Managing Director 227 East 57th Street Corporation

New York, New York; Robynn Shrader, CEO of National Cooperative Grocers Association located in Iowa City, Iowa; Walden Swanson, CEO of Co-op Metrics in Andover, Massachusetts; Nguyen Van Hanh, Professor of Economics at California State University in Sacramento, California and Judy Ziewacz, Executive Director, State of Wisconsin, Office of Energy Independence located in Madison, Wisconsin.

NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop.

NCB Financial Group (NCB) consists of National Consumer Cooperative Bank, a federally chartered cooperative corporation; its wholly-owned subsidiary NCB, FSB, a federally chartered savings bank; and, NCB Capital Impact, a 501(c)3 nonprofit affiliate. Loans and other financial services are provided by NCB, FSB and NCB Capital Impact. Deposit products and services are provided by NCB, FSB, which is a member FDIC. Each is a separate corporation within the NCB Financial Group.